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CNBC
Apr 29, 2014 1:00pm EDT
into the petroleum business and refineries. nigeria, a major producer. why have you done that? and why did it take you so long? >> well, thank you very much. first of all, we try as much, first of all, to avoid dealing in oil, because, you know, the impression is that once you are dealing in oil, you are dealing in corruption, you are dealing in a lot of things. we wanted to make through the real industry, you know, by growing our industries in foods, mainly, also in mines. our company has grown that we believe that, look, today, almost the -- the only work in rye finerieses in africa is in two countries, one in south africa, and the one in cotedivoire. and the best way for us to help africa is to make sure not only we make nigeria the subcontinent in times of products, because almost 95% of the petroleum products that are imported into the subso hairen continent, and we think we cannot continue with that, especial will i with the population growth. so we decided to do a refinery. we've increased it go to 500,000 barrels a day, with a pet roe chemical complex. >> if anyone can revolutionize that p
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